Baking powder & mixes, flour, oils, fats & shortenings, enzymes, and emulsifiers are the most commonly used baking products on the market. The shifting consumer lifestyles, preference for convenience foods, demand for gluten-free foods, and rising demand for fresh and balanced ingredients are the main drivers for the growth of the industry.
The global Baking Ingredients market worth USD 29 billion by 2030, growing at a CAGR of 6.11 %
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"The Global Baking Ingredients Market 2020-2030 (USD Billion)")
The aim of the report is to estimate the size of the market for baking ingredients and the future growth potential of the market for baking ingredients across various segments, such as product, application, the end-user industry and the region.
The base year considered for the analysis is 2019 and from 2020 to 2025 the market size is estimated. Factors such as rising demand in the Asia-Pacific region, growth in the food & beverage and healthcare sectors, and increasing consumer understanding of health are the key drivers of the baking ingredients market in the coming years. The base year considered for the report is 2015, whereas the forecast period considered for the report is 2016–2021.
The rising competition of small and medium-sized players further boosts the prospects for a market perceived to be highly fragmented. The rise of cereal alternatives, which is perceived to be a healthier option and is projected to pose a threat to the baking ingredients industry over the forecast era, has further encouraged increased customer understanding of health.
A combination of baking soda, powdered vinegar, and cornstarch is the baking powder. It is used as a leavening agent composed of sodium bicarbonate and acid that saves taste and is used to improve volume and lighten the texture of baked goods. Baking powder containing both quick and slow-acting acids is classified as double-acting baking powder, while one acid is used in single-acting baking powder.
The main buyers engaged in the manufacture of fresh & frozen bread, bread rolls and other fresh bakery products are commercial bakers. These bakeries buy baking supplies from suppliers of ingredients and directly source flour from millers. Through supermarkets, food service stations, grocery shops, local retail chains, and speciality stores, these establishments offer their goods.
Baking Ingredients Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2020-2021 |
| Forecast Period | 2022-2030 |
| Study Period | 2020-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 29 billion |
| Growth Rate | CAGR of 6.11% during 2021-2030 |
| Segment Covered | By Type, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | British Bakels, Cargill, Associated British Foods plc, Corbion, Kerry Group plc, AAK AB, IFF, Archer Daniels Midland Company, Dawn Food Products, Inc., Koninklijke DSM N.V. |
Key Segments of the Global Baking Ingredients Market
Type Overview, (USD Million)
- Emulsifiers
- Leavening agents
- Enzymes
- Baking powder & mixes
- Oils, Fats, and shortenings
- Colors & flavors
- Starch
- Others
Application Agents Method, (USD Million)
- Breads
- Cookies & biscuits
- Rolls & pies
- Cakes & pastries
- Others
Regional Overview, (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Important Companies in Global baking ingredients market
- Archer Deniels Midland
- Koninklijke
- DSM N.V.
- Cargill Incorporated
- BASF SE
- Ingredion Incorporated,
- Roquette Frères
- SunOpta
- Darling Ingredients Inc.
- Omega Protein Corporation
- DowDuPont Inc.
- Kemin Industries, Inc.
- InVivo
- John Pointon & Sons Ltd.
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of Baking Ingredients Market Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on Baking Ingredients Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the field service management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on application, process, grade, and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Baking Ingredients Market. The report will benefit: Every stakeholder involved in the Baking Ingredients Market.
- Managers within the field service management industry looking to publish recent and forecasted statistics about Baking Ingredients Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Baking Ingredients Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The major contenders in the global market are British Bakels, Cargill, Associated British Foods plc, Corbion, Kerry Group plc, AAK AB, IFF, Archer Daniels Midland Company, Dawn Food Products, Inc., Koninklijke DSM N.V.
The Global baking lngredientsMarket is Segmented on the basis of type ,application, Regions.
Asia-Pacific dominated the market for baking lngredients market and accounted for the largest revenue share.